2012-2013 Easy Update - 3 CPE Credit Hours

After reading the materials, participants will be able to: 1. Discuss the various issues related to individual income taxes by listing the income tax rates for the various tax brackets, quoting the AMT phaseout limits and contribution limits to HSAs, an

This mini-course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes having special meaning to the tax practitioner and return preparer. The course is a great resource and way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed.

Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.

Prerequisite: None

Recommended Credits: 3 CPE Hours

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

* Tax brackets

* Tax credits

* Deductions

* Education credits

* Energy credits

* Retirement plan contribution and phaseout limits

* Gift and estate taxes

Learning Objectives

After reading the materials, participants will be able to:

1. Discuss the various issues affected by inflation and recent tax law changes especially as they relate to individual income taxes by explaining the various income tax brackets, the kiddie tax, quoting the AMT phaseout limits and contribution limits to HSAs, and explaining the mechanics of selected income tax credits, including education and energy credits.

3. Differentiate between the various retirement plans, including inflation adjusted contribution limits and phaseout limits, and review estate taxes by citing trust income tax rates and explaining how to calculate interest on estate tax installments.

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Testimonials

Thank you for your quick response. I can take unlimited courses for up to one year? That means I can apply some of the courses for this year’s CPE deadline, and take additional courses after that toward my next period deadline!